Tenant’s Termination of Lease Sample Clauses

Tenant’s Termination of Lease. If over 20% of the Premises is thus taken or sold and Landlord is unable to provide Tenant with comparable replacement premises in the Building, Tenant may terminate this Lease if in Tenant's reasonable judgment the Premises cannot be operated by Tenant in an economically viable fashion because of such partial taking. Such termination by Tenant must be exercised by written notice to Landlord given not later than 60 days after Tenant is notified of the taking of the Premises.
Sample 1Sample 2See All (11)
AutoNDA by SimpleDocs
Tenant’s Termination of Lease. 17.1 If the Tenant does not wish to renew the tenancy of the Site for the following Term, the Tenant shall notify the Landlord no later 30 days before the Termination Date. In such event, the Tenant must remove the Tenant Chattels from the Site by no later than the Termination Date. Until the Termination Date, and subject to the written approval of the Landlord, Tenant Improvements may be sold by the Tenant to a new Tenant acceptable to the Landlord in its sole unfettered discretion. It is the current Tenant’s sole responsibility to provide the new Tenant’s contact information (name(s), address, email address and phone number(s)) to the Landlord. If the Landlord does not provide such approval, then the Tenant must remove the Tenant Improvements and the Site must be restored by the Tenant to its natural ground state. Up to the Termination Date, the Landlord may provide contact information for the Tenant to any parties interested in acquiring the Tenant Improvements. Any Tenant’s Improvements and Tenant Chattels not sold or removed by the Termination Date shall be deemed abandoned by the Tenant and shall become the property of the Landlord without any claim thereon by the Tenant and the Tenant agrees that it shall take all necessary steps to legally transfer ownership of the Tenant Chattels to the Landlord.
Sample 1Sample 2See All (5)
Tenant’s Termination of Lease. 29. If the Tenant does not wish to renew the tenancy of the Site for the following Term, the Tenant shall notify the Landlord of that no later than March 1 preceding the Termination Date. In such event the Tenant must remove the Tenant’s Chattels from the Site by no later than the Termination Date (April 30). Until the Termination Date, and subject to the written approval of the Landlord, Tenant Improvements may be sold by the Tenant to a new Tenant acceptable to the Landlord in its sole unfettered discretion. If the Landlord does not provide such approval then the Tenant must remove the Tenant Improvements and the Site must be restored by the Tenant to its natural ground state. Up to the Termination Date, the Landlord may provide contact information for the Tenant to any parties interested in acquiring the Tenant Improvements. If the Tenant does not remove or sell Tenant Improvements by the Termination Date, the Tenant Improvements shall be deem abandoned by the Tenant and the Landlord may deal with them as set forth in paragraph 25 above.
Sample 1Sample 2Sample 3
Tenant’s Termination of Lease. Notwithstanding anything contained to the contrary in this Article 9, if the Premises or any portion of the Project materially affecting the Permitted Use of the Premises are damaged by casualty but this Lease is not terminated pursuant to Sections 9.03 or 9.04 above, Tenant shall nonetheless have the option to terminate this Lease if the Premises or such portion of the Project are not in fact fully restored by Landlord (other than for minor punch list items, Tenant Alterations and Tenant’s personal property) to their prior condition by the Repair Completion Date. To exercise such right of termination, Tenant must give written notice of termination to Landlord on or before the earlier to occur of (i) the tenth (10th) business day following the Repair Completion Date; or (ii) Landlord’s completion of the casualty repairs (other than minor punch list items) for which Landlord is responsible under this Article 9.
Sample 1Sample 2
Tenant’s Termination of Lease. If only part of the Project, Building or Premises is taken or sold, and if after such partial taking, Tenant is unable to use the Premises for the Permitted Use under this Lease, Tenant may terminate this Lease by giving notice to Landlord within sixty (60) days after the later of (i) the taking and (ii) Tenant’s actual knowledge of the taking.
Sample 1
Tenant’s Termination of Lease. If (i) over 20% of the Premises is thus taken or sold; or (ii) if a material portion of the Common Areas or parking area is taken; or (iii) the taking has a permanent material adverse affect on ingress or egress to the Building or Premises, then Tenant may terminate this Lease if in Tenant's reasonable judgment the Premises cannot be operated by Tenant in an economically viable fashion because of such partial taking. Such termination by Tenant must be exercised by written notice to Landlord given not later than 60 days after Tenant is notified of the taking of the Premises.
Sample 1
Tenant’s Termination of Lease. If over 20% of the 1801 Space and/or the 1851 Space is thus taken or sold and Landlord is unable to provide Tenant with comparable replacement premises in the Buildings or Project, Tenant may terminate this Lease if in Tenant’s reasonable judgment such portion of the Premises cannot be operated by Tenant in an economically viable fashion because of such partial taking. Such termination by Tenant must be exercised by notice to Landlord given not later than 60 days after Tenant is notified of the taking of such portion of the Premises.
Sample 1
AutoNDA by SimpleDocs
Tenant’s Termination of Lease. If over twenty percent (20%) of the Premises is thus taken or sold and Landlord is unable to provide Tenant with comparable replacement premises in the Building, Tenant may terminate this Lease if in Tenant's reasonable judgment the
Sample 1

Related to Tenant’s Termination of Lease

  • Termination of Lease Landlord may terminate Tenant's interest under the Lease, but no act by Landlord other than notice of termination from Landlord to Tenant shall terminate this Lease. The Lease shall terminate on the date specified in the notice of termination. Upon termination of this Lease, Tenant will remain liable to Landlord for damages in an amount equal to the Rent and other sums that would have been owing by Tenant under this Lease for the balance of the Lease term, less the net proceeds, if any, of any reletting of the Premises by Landlord subsequent to the termination, after deducting all of Landlord's Reletting Expenses (as defined below). Landlord shall be entitled to either collect damages from Tenant monthly on the days on which rent or other amounts would have been payable under the Lease, or alternatively, Landlord may accelerate Tenant's obligations under the Lease and recover from Tenant: (i) unpaid rent which had been earned at the time of termination; (ii) the amount by which the unpaid rent which would have been earned after termination until the time of award exceeds the amount of rent loss that Tenant proves could reasonably have been avoided; (iii) the amount by which the unpaid rent for the balance of the term of the Lease after the time of award exceeds the amount of rent loss that Tenant proves could reasonably be avoided (discounting such amount by the discount rate of the Federal Reserve Bank of San Francisco at the time of the award, plus 1%); and (iv) any other amount necessary to compensate Landlord for all the detriment proximately caused by Tenant's failure to perform its obligations under the Lease, or which in the ordinary course would be likely to result from the Event of Default, including without limitation Reletting Expenses described in Section 20(b) below.

  • Lease Termination Except as provided in this Section 9.04, upon expiration or earlier termination of this Lease Tenant shall surrender the Premises to Landlord in the same condition as existed on the date Tenant first occupied the Premises, (whether pursuant to this Lease or an earlier lease), subject to reasonable wear and tear. All Alterations shall become a part of the Premises and shall become the property of Landlord upon the expiration or earlier termination of this Lease, unless Landlord shall, by written notice given to Tenant, require Tenant to remove some or all of Tenant’s Alterations, in which event Tenant shall promptly remove the designated Alterations and shall promptly repair any resulting damage, all at Tenant’s sole expense. All business and trade fixtures, machinery and equipment, furniture, movable partitions and items of personal property owned by Tenant or installed by Tenant at its expense in the Premises shall be and remain the property of Tenant; upon the expiration or earlier termination of this Lease, Tenant shall, at its sole expense, remove all such items and repair any damage to the Premises or the Building caused by such removal. If Tenant fails to remove any such items (“Abandoned Items”) or repair such damage promptly after the expiration or earlier termination of the Lease, Landlord may, but need not, do so with no liability to Tenant, and Tenant shall pay Landlord the cost thereof upon demand. Tenant agrees to indemnify Landlord for any and all loss, cost, damage, liability or expense as incurred (including but not limited to reasonable attorneys’ fees and legal costs) arising out of or related to any claim, suit or judgment brought by or in favor of any person or persons for damage, loss or expense which arises out of, is occasioned by or is in any way attributable to the Abandoned Items. Notwithstanding the foregoing to the contrary, in the event that Landlord gives its consent, pursuant to the provisions of Section 9.01 of this Lease, to allow Tenant to make an Alteration in the Premises, Landlord agrees, upon Tenant’s written request, to notify Tenant in writing at the time of the giving of such consent whether Landlord will require Tenant, at Tenant’s cost, to remove such Alteration at the end of the Lease Term.

  • Extension of Lease Term The Term of the Lease is hereby extended, pursuant to all of the terms and conditions of the Lease as amended, for an additional period of forty-two (42) months, ending on August 31, 2022 (the “First Extended Term”).

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!